A man was fined $5,000 for failing to disclose to regulators his suspicions that a sum of money he wired to Latvia was the proceeds of criminal conduct. Rahmad Ibrahim, 40, was found guilty of having reasonable grounds to believe that the £1,594 (then $4,527) he was asked to remit to Latvia by people claiming to represent the Foreign Investment Advisory Service (FIAS) in December 2005 directly represented criminal proceeds.
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